Cabinet committee approves DISCOs Support Unit

The Cabinet Committee on Energy has approved the establishment of DISCOs support unit to increase the efficiency of electricity distribution companies, prevent electricity theft and ensure timely collection of bills. The approval was granted during today's meeting of the committee that was held in Islamabad with Prime Minister Shehbaz Sharif in the chair. The DISCOs support unit system will be started from Multan Electric Power Company. The committee also approved an incentive package for recovery of unpaid and overdue electricity bills. Under this package, DISCOs workers and law enforcement institutions will be awarded for the recovery of unpaid and overdue bills. The Cabinet Committee also approved the Standardized Security Package Document under the Power Policy 2015 for small water projects of the private sector. The aim of this initiative is to promote private investment in the power sector and to deal with tariff and other issues quickly. Further, the forum approved the extension of six months in the Refinery Policy 2023 with regard to the up-gradation of the existing refineries. The committee directed the Ministry of Petroleum to take into confidence the oil refineries established in the country and prepare a comprehensive plan for up gradation. The committee was also presented with a detailed report on the debt of electricity sector from July 2023 to May 2024. The report stated that the circular debt of the power sector was 2655 billion rupees till May this year. The Prime Minister established a committee for preparing the plan of uninterrupted supply of electricity in Gilgit-Baltistan. Source: Radio Pakistan

Romina briefs Deputy PM about efforts against climate change

Prime Minister's Coordinator on Climate Change Romina Khurshid Alam called on Deputy Prime Minister and Foreign Minister Ishaq Dar in Islamabad today. She briefed him about the efforts made to mitigate the threat of climate change in Pakistan and sought support from the Ministry of Foreign Affairs for the upcoming CoP29 to be held in Baku this year. The Deputy Prime Minister and Foreign Minister expressed full support to the Ministry of Climate Change during the COP29 process. Source: Radio Pakistan

Aurangzeb urges PTBA to aid FBR in improving tax system

Finance Minister Muhammad Aurangzeb has encouraged the Pakistan Tax Bar Association to provide essential data to FBR to refine and strengthen the country's tax system. He was talking to a delegation of Pakistan Tax Bar Association led by its President Anwar Kashif Mumtaz in Islamabad today. The delegation appreciated the efforts of the Government to increase the tax base and conveyed their perspectives on optimizing tax documentation process to enhance efficiency. The Finance Minister acknowledged the valuable feedback from the delegation and underscored the government's commitment to digitalization efforts aimed at reducing human intervention and increasing transparency within the tax administration. He highlighted the pivotal role of IT sector as one of the engines of economic growth. The meeting concluded with a mutual commitment to ongoing collaboration and dialogue aimed at achieving enhanced fiscal efficiency and economic development. Source: Radio Pakistan

SIFC playing vital role for improvement in energy sector

The Special Investment Facilitation Council (SIFC) has been playing an important role in bringing improvement in the energy sector. Anti-Theft Task Force has been established by SIFC to crack down on electricity theft. Ninety-five billion rupees have so far been recovered as a result of the efforts of the task force. Concrete steps are being taken to tackle the circular debt which has been a major challenge. A comprehensive strategy has been developed to manage and reduce this debt burden. A solar project of one megawatt in Gilgit-Baltistan and one hundred and fifty megawatt in Sukkur have successfully been installed. Saudi Fund for Development has offered cooperation in two ongoing hydropower projects in Azad Jammu and Kashmir. Chinese company Sinotec Solar plans to set up a three GW solar panel manufacturing plant in Karachi, which will focus not only on the production of solar panels, but also on the production of industrial batteries and electric vehicles (EV) trucks. It will also help promote clea n energy and sustainable transportation. A Memorandum of Understanding has been signed to convert the existing thermal power plant into a state-of-the-art three hundred megawatt solar power facility with foreign direct investment of 200 million dollars. Shanghai Electric Group has invested in Thar Coal Block-1 underscoring its commitment to Pakistan's energy sector. Oil refineries, including Attock Oil Refinery, National Oil Refinery and Cnergyico Private Limited are upgrading themselves to meet Euro-V standards. Source: Radio Pakistan

Martyrdom anniversary of Capt Karnal Sher Khan observed

The 25th shahadat anniversary of Captain Karnal Sher Khan, Nishan-e-Haider, was observed on Friday. He was born in district Sawabi of Khyber Pakhtunkhwa in 1970. During the Kargil conflict on the Line of Control in 1999, he emerged as the symbol of mettle and courage and inflicted heavy losses on the Indian forces while defending the five strategic posts at the height of 17,000 feet in Gultary. He was martyred on this day in 1999 gallantly defending the motherland and was decorated with country`s highest gallantry award, Nishan-e-Haider. The Armed Forces of Pakistan, the Chairman Joint Chiefs of Staff Committee, and Services Chiefs have paid a heartfelt tribute to the indomitable Captain Karnal Sher Khan Shaheed, Nishan-e-Haider. The ISPR in a statement said exemplary leadership and unwavering courage of Captain Karnal Sher Khan Shaheed inspire us to defend Pakistan at all costs. It said Captain Karnal Sher Khan's heroism in the Kargil War etched his name in history with bravery, unshakeable commitmen t, and unwavering loyalty. His martyrdom serves as a poignant reminder of the ultimate sacrifices made by the Armed Forces to safeguard our motherland. On the 25th Martyrdom Day of Captain Karnal Sher Khan Shaheed (Nishan-i-Haider), Quran Khawani and prayers were held in mosques. The religious scholars on the occasion said soldiers of Pakistan Army who sacrificed their lives for the protection of the motherland deserve respect and honor. They said Captain Karnal Sher Khan Shaheed was a brave son of the soil who will always live in every heart. Source: Radio Pakistan